Recently, Ibibo Group, owner of the Goibibo online travel agency, has secured $250 million from Tencent and Naspers and it says that the cash injection will be used to “extend Ibibo’s leadership position in the Indian hotels category and on additional technology innovations”.

One of the biggest investment rounds in the history of Indian online travel has come to Ibibo Group, owner of the Goibibo online travel agency.

Global web and media company Naspers is backing the company alongside Tencent, the Chinese ecommerce giant.

The group says it is processing over 6.5 million transactions every quarter and is now laying claim to being the largest online travel company in India.